Charter Closes $2.0 Billion Senior Secured Notes
Charter Communications (NASDAQ: CHTR) has successfully closed a $2.0 billion senior secured notes offering through its subsidiaries. The offering consists of two tranches: $1.25 billion in Senior Secured Notes due 2035 with a 5.850% interest rate, issued at 99.932% of principal amount, and $750 million in Senior Secured Notes due 2055 with a 6.700% interest rate, issued at 99.832% of principal amount.
The notes were issued under an automatic shelf registration statement, with Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley serving as Joint Book-Running Managers for the offering.
Charter Communications (NASDAQ: CHTR) ha completato con successo un'offerta di obbligazioni senior garantite per 2,0 miliardi di dollari tramite le sue controllate. L'operazione 猫 articolata in due tranche: 1,25 miliardi di dollari di Senior Secured Notes in scadenza 2035 con tasso d'interesse del 5,850%, emesse al 99,932% del valore nominale, e 750 milioni di dollari di Senior Secured Notes in scadenza 2055 con tasso d'interesse del 6,700%, emesse al 99,832% del valore nominale.
Le obbligazioni sono state emesse nell'ambito di una registrazione automatica a disposizione (shelf registration), con Citigroup Global Markets, J.P. Morgan Securities e Morgan Stanley in qualit脿 di Joint Book-Running Managers dell'offerta.
Charter Communications (NASDAQ: CHTR) ha cerrado con 茅xito una oferta de bonos senior garantizados por 2.000 millones de d贸lares a trav茅s de sus filiales. La emisi贸n se compone de dos tramos: 1.250 millones de d贸lares en Senior Secured Notes con vencimiento en 2035 y un inter茅s del 5,850%, emitidos al 99,932% del principal, y 750 millones de d贸lares en Senior Secured Notes con vencimiento en 2055 y un inter茅s del 6,700%, emitidos al 99,832% del principal.
Los bonos fueron emitidos bajo una declaraci贸n de registro autom谩tica (automatic shelf registration), con Citigroup Global Markets, J.P. Morgan Securities y Morgan Stanley como Joint Book-Running Managers de la oferta.
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Charter Communications (NASDAQ: CHTR) a cl么tur茅 avec succ猫s une offre de billets garantis senior de 2,0 milliards de dollars via ses filiales. L'offre se compose de deux tranches : 1,25 milliard de dollars de Senior Secured Notes arrivant 脿 茅ch茅ance en 2035 au taux de 5,850 %, 茅mises 脿 99,932 % du principal, et 750 millions de dollars de Senior Secured Notes arrivant 脿 茅ch茅ance en 2055 au taux de 6,700 %, 茅mises 脿 99,832 % du principal.
Les titres ont 茅t茅 茅mis dans le cadre d'une d茅claration d'enregistrement automatique (automatic shelf registration), avec Citigroup Global Markets, J.P. Morgan Securities et Morgan Stanley en tant que Joint Book-Running Managers de l'offre.
Charter Communications (NASDAQ: CHTR) hat 眉ber seine Tochtergesellschaften erfolgreich ein Senior Secured Notes Offering in H枚he von 2,0 Milliarden US-Dollar abgeschlossen. Das Angebot besteht aus zwei Tranchen: 1,25 Milliarden US-Dollar Senior Secured Notes f盲llig 2035 mit einem Zinssatz von 5,850%, ausgegeben zu 99,932% des Nennbetrags, und 750 Millionen US-Dollar Senior Secured Notes f盲llig 2055 mit einem Zinssatz von 6,700%, ausgegeben zu 99,832% des Nennbetrags.
Die Notes wurden im Rahmen einer automatischen Shelf-Registration ausgegeben; Citigroup Global Markets, J.P. Morgan Securities und Morgan Stanley fungierten als Joint Book-Running Managers f眉r das Angebot.
- Successful completion of a substantial $2.0 billion debt offering
- Long-term debt maturities (2035 and 2055) provide extended financial flexibility
- Senior secured status offers stronger protection for noteholders
- Additional debt increases the company's interest expense obligations
- High interest rates of 5.850% and 6.700% reflect current market conditions
Insights
Charter raised $2 billion through long-term secured notes at relatively high yields, significantly impacting its debt profile and future financial flexibility.
Charter Communications has successfully completed a
The pricing reveals important market dynamics - both tranches were issued at slight discounts to par (
This transaction significantly extends Charter's debt maturity profile, potentially reducing near-term refinancing pressure. However, the relatively high interest rates will add approximately
The participation of three major investment banks (Citigroup, J.P. Morgan, and Morgan Stanley) as joint book-runners indicates broad distribution capabilities, helping ensure successful placement despite the substantial issuance size. While the press release doesn't specify the use of proceeds, companies typically deploy such capital for refinancing existing debt, funding capital expenditures, or supporting strategic initiatives.
厂罢础惭贵翱搁顿,听颁辞苍苍., Sept. 2, 2025 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC ("CCO") and Charter Communications Operating Capital Corp. ("CCO Capital," and together with CCO, the "Issuers"), have closed their offering of
$1.25 billion 5.850% per annum and were issued at a price of99.932% of the aggregate principal amount.$750 million 6.700% per annum and were issued at a price of99.832% of the aggregate principal amount.
The Notes were issued pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ("SEC").
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were Joint Book-Running Managers for the senior secured notes offering. The offering was made only by means of a prospectus supplement dated August 18, 2025 and the accompanying base prospectus, copies of which, when available, may be obtained on the SEC's website at or by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, supported by a
More information about Charter can be found at .
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